Bank of England interest rate cut ‘almost certain’ after poor growth July 11, 2025 Fresh growth figures have fuelled speculation of an August interest rate cut in a bid to give the waning UK economy a shot of life. The Office for National Statistics (ONS) revealed on Friday the UK economy shrunk for the second consecutive month with a 0.1 per cent contraction in May. Deutsche Bank’s chief economist [...]
Fiba ‘monitoring’ dispute tearing British basketball apart July 11, 2025 World governing body Fiba says it is “monitoring developments” in British basketball amid the civil war threatening the future of both the BBF and SLB. Super League Basketball has begun legal action against the British Basketball Federation over the removal of SLB’s licence to run the domestic top flight and what it sees as anti-competitive [...]
Rachel Reeves risks ‘serious damage’ with tax hikes, OBR member warns July 11, 2025 Fears of another Rachel Reeves’ tax raid are growing after fresh figures revealed the economy shrank in May, but a member of the OBR has warned the Chancellor against drastic measures, including tax hikes. The Chancellor is facing renewed pressure, with economists warning that the government’s £190bn spending splurge, sporadic U-turns, and poor growth figures are set [...]
UK economy contracts 0.1 per cent in blow to Rachel Reeves July 11, 2025 Rachel Reeves’ waning growth agenda has been dealt another blow after the UK economy contracted 0.1 per cent in May. The Chancellor has endured a bruising few weeks after government U-turns and spending splurges have cut into the fiscal headroom she outlined in the Autumn. Fresh figures from the Office for National Statistics have confirmed [...]
Non-dom tax grab could blow £4bn hole in public finances July 11, 2025 The government’s decision to abolish the non-dom regime will blow a £4bn hole in the public finances and lead to over 3,000 fewer jobs if a quarter of the country’s wealthy foreigners leave. According to a fresh study from the Centre for Economics and Business Research (CEBR), non-doms choosing to leave the UK instead of [...]
What do civil servants really think about the state? July 11, 2025 Civil servants feel stifled by cumbersome processes, weak talent progression and ineffective procurement, according to a new survey that casts doubt on the government’s ability to deliver on the transformative “missions” it’s promised, says Joe Hill The Government took office a year ago pledging to change the country with five big “missions”. This approach was [...]
The best 25th birthday present for the GLA would be more devolution July 11, 2025 25 years since the GLA’s creation, London has made major strides in devolved policy areas, particularly in transport, but now urgently needs more fiscal powers and a formalised partnership between boroughs and central government, says Antonia Jennings Trailblazing. The first of its kind. A UK leader in regional devolution settlements. All phrases which have been [...]
Wealth tax would be ‘own goal’, London bosses warns July 10, 2025 The introduction of a wealth tax on Brits would yield less revenue for the government and drive investors overseas, bosses across London have warned. Keir Starmer this week refused to answer questions on whether the government was considering a wealth tax, which was mooted by former Labour Party leader Neil Kinnock last weekend. But business [...]
Post Office Scandal: Government contracts awarded to Fujitsu even after Mr Bates ITV drama July 10, 2025 Government bodies kept awarding Fujitsu with contracts to the tune of £500m even after the ITV drama Mr Bates vs The Post Office brought the Post Office Horizon scandal to national prominence. That’s according to LBC, alongside the public sector data analytics firm Tussell, which found that 23 contracts were handed out to the firm [...]
Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’ July 10, 2025 Opposition leader Kemi Badenoch has doubled down in her backing of the triple lock pension after the UK’s fiscal watchdog said its costs on the state had soared far higher than expected. The Office for Budget Responsibility (OBR) warned this week that the Labour government could not afford the triple lock pension along with other [...]